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. fleischman. and by our sole corporate sponsor, mutual of america, designing customized individual and group retirement products. that's why we're your retirement company. >> welcome. it's the weekend after, and barack obama is back in the white house, democrats are back in control of the senate, and republicans are back running the house. that's what prevailed before americans voted, when deadlock reigned in washington, little got done, and the country was frustrated and angry. are we in for more of the same? the talk we are hearing in washington sounds altogether too familiar. so let's consider what's ahead with two people of different philosophies about what should be done. bob herbert was a long-time liberal columnist for "the new york times" until he retired last year and became a distinguished senior fellow for the national think tank demos. he's been on the road for months now, reporting for his forthcoming book, "wounded colossus." reihan salam writes "the agenda," that's a daily blog for the conservative national review online. he is a policy advisor at the think tank economics 21 a
's economic relationship with america, and american investors. >> reporter: i'm sylvia hall in washington- still ahead, u.s. borrowers owe more than $1 trillion in student loan debt. so could helping them pay it down be a $1 trillion industry? i'll introduce you to some entrepreneurs who think so. >> susie: besides the fiscal cliff, investors and traders on wall street were talking about some merger news today. leucadia national is buying jefferies group. it already owns 28% of the investment firm. the $3.6 billion deal, could help jefferies push into the lucrative mergers advisory business. leucadia is a conglomerate with a wide range of businesses from beef processing to timber. also today, sherwin williams is buying consorcio comex, it's a mexican coatings business. the price: $2.3 billion. >> susie: the united states will be the top oil producer in the world by the year 2020, surpassing saudi arabia, and russia. that's the bold call today from the international energy agency. fueling that energy renaissance: a boost in oil and shale gas because of new technologies like fracking. the g
.e. and bank of america. it all leads up to friday when the president sits down with congressional leaders at the white house to begin the real negotiations, and both sides enter those talks claiming a mandate to protect the principals the voters endorsed at the ballot box. >> darren gersh is with us tonight from our washington, d.c. bureau, where a week after election day here. was there any progress made by the staffs of the political players during the campaign season? where do we stand? >> the staff is always looking at this as a giant chess game and trying to figure out how they can give their bosses their best move, so the staff have been working. we had a lot of commissions and a lot of efforts to try to solve the budget problems. there is a lot of work done behind the scenes and on paper. a deal could come together pretty quickly. the problem is the principals, the leaders, the people who were elected, they have to come back and decide what they're going to do. they're talking about getting an agreement, but nobody knows how to get that agreement right now. >> tom: it pays to parse
of a recovery home prices went up in most major u.s. cities by 3% in september compared to a year ago. america's ambassador to the u.n. failed to mollify senate critics today on the attack at the u.s. consulate in benghazi, libya. susan rice met with republican senators who've criticized her for saying-- five days after the attack-- that anti-american protests were to blame. in fact, u.s. officials already knew it was a terrorist strike. today, rice blamed faulty intelligence. but senator lindsey graham said he was unimpressed. bottom line, i'm more disturbed now than i was before that the 16 september explanation about how four americans died in benghazi libya by ambassador rice i think does not do justice to the reality at the time and in hindsight clearly was completely wrong. >> sreenivasan: graham, along with senators mccain and ayotte, have said they'll oppose rice if she's nominated to be secretary of state. but independent senator joe lieberman also met with rice today, and he said he was satisfied with her explanation of events. >> i found her statements to be significant. she was jus
's a little thing to think about that. if you could get everybody in america to pay you one penny a day. at the end of the year you'd have $1.1 billion. if you can get a dime you're going to have $11 billion at the end of the year. if you can get a dollar you can have over $100 billion. >> reporter: this is finally how we're going to be able to support the "newshour," we'll get each of you to send a penny and... >> but that's the trick, you've got figure out how to get everybody to give you that penny and the best way to do it is if you're already billing them, you find ways to stick in all these extra little charges. >> reporter: it didn't always used to be this way. here, for example is a scranton, pennsylvania electric bill from 1937, back when public utilities were strictly regulated. >> it's a very simple bill, it's not even a full page of paper, and it has the account number, the dates that are covered, the meter reading, this person used three kilowatts per hour of electricity, and the price written down here at the bottom. >> reporter: today's bill, by contrast-- this one from p
america's busiest city. >> tom: october marked a pick-up in private hiring. that's the word from payroll processing firm adp. it says u.s. private payrolls grew by 158,000 positions in october. that higher than expected number comes as adp overhauls how it calculates the number by including more companies in its survey. darren gersh reports. >> reporter: the economic signals out today point in the same direction-- an economy that has moved through a rough couple of months last spring has now found stability. >> slow growth need not be fragile, so we are in a derate growth phase that appears to be quite durable. it's going to be hard to break out significantly in one direction or the other, unless we get a policy surprise or a policy mistake. >> repter: the adp payroll snapshot is seen as a kind of preview for the government's official employment report, which comes out tomorrow. factoring in job losses in statr and local government, adp projects the labor department will likely say the economy created roughly 130,000 jobs in october. barclays economist michael gapen expects the unemploym
immigrants are in central florida. they come from different latinons, but still america, but they have different ideas aboutow to deal with the imgriggs issue. governor romney and the self deportation situation has not necessarily found a significant audience even in south florida.ow nonetheless as the latest poll shows, he has been gaining some strength with voters in north and central florida. >> susan: thanks, tom. we'll catch up with you later in the program. virginia is another crucial state, and will be one of the first swing states to tally election results tonight. polls close at 7:00 p.m. eastern time, and the race looks close, a mirror of the national race. darren gersh joins us from virginia. darren. >> reporter: susie, we're here in woodbridge, virginia, which is considered a swing aa in a key swing state. and it's a state that alsong surprised the candidates this election. after the voting here is over, you'll be hearing a lot more about the fiscal cliff, those automatic spending cuts and tax increases scheduled to take effect on january 1. you'd think the fiscal cliff wou
american dictators g go chavez and fidelv castro. >> we are america's women. >> woodruff: and american future fund, a super pac supporting romney is running ads targeting women in michigan and pennsylvania, states considered safely democratic. as you can see on the "newshour's" vote 2012 map center" there are seven states currently considered by the associated press to be true toss ups: nevada, colorado, iowa, ohio, virginia, florida and new hampshe. it shows each candidate's quickest potential path to 270 electoral votes. including one scenario gimpng president obama a path too victory, winning nevada and ohio, to get to 277 electoral votes. for mitt romney the path could also lead through ohio, and blanketing the south, to get to 281 in a different scenario. and there are also several potentials for a tie. this one shows the president losing nevada but winning ohio, to get to 269 for both candidates. and late today, the "newshour" got word that romney will make a last-minute stop in pennsylvania over the weekend. we explore the race and the states in play with jonathan martin of poli
, with the final data before election day now out, we look at the overall jobs picture in america, and how the candidates are and are not addressing it.om >> woodruff: then, long gas lines, continuing power outages, and massive cleanup effort in the northeast.fo ray suarez updates the slow imb back after the storm. >> brown: ordinary citizens, some of them school children, caught in the crossfire in syria's war. margaret warner has our reort. >> as syrian rebels expand the areas they control, ther assad regime has turned to long-range artillery and air attacks to hit the opposition and civilians as well. >> woodruff:ege have ae "battleground" distch from iowa, where immigration is d rarely menoned by thy candidates, but is on the minds of voters. >> although latinos make up only 5% of iowa's population, their numbers have increased by 110% over the last ten years. >> brown: plus mark shields and david brooks analyze the week's news. >> woodruff: that's all ahead on tonight's newshour. >> major funding f the pbs news tur has been provided by: b >> intel >> suprt also comes from carnegie cor
together with a reinvigorated president to solve america's fiscal problems. and some predict that spirit of cooperation will help lift stocks higher again. >> what i encourage investors to realize however is that an agreement at some point in time is more likely than not and as a result of that you're probably going to see a relief on the other end, the last thing you want to do right now is time the market. >> reporter: here's one hopeful tidbit that might have been lost in all the recent political rhetoric. the stock market is far better off today than it was four years ago. in fact the dow gaining about 60% since president obama's took office in january 2009. suzanne pratt, "n.b.r.," new york. >> susie: in washington today, a lot of talk about the need to get an agreement on the fiscal cliff, and to reach a bi- partisan solution. but as darren gersh reports, both sides are still trying to figure out the message of the election, and may be reluctant to compromise for now. >> reporter: the voters have spoken and house speaker john boehner says he has gotten the message. >> because the a
. >> we're in small town america. and it's not like we're in the beltway where if you lose this job, you can go to another job. there's another opportunity, you don't have that here. so anyone in the defense industry that's in small town america, is going to have a huge impact. >> reporter: so while all these cuts are one way to help washington get its fiscal house in order, c.e.o. bill polacek says it would take a massive, preventable and personal toll here in johnstown. >> everything i've worked for, everything everybody worked for, in 25 years of business that we're celebrating this year, could all be for naught, only because the people in congress, and the senate, can't vote to do what's in the best interest of the american people. >> reporter: congress has until january first to avert the sequester. until then, manufacturers, researchers, teachers and a host of others will be waiting to find out if and how the fiscal cliff will affect them. sylvia hall, "n.b.r.," washington. >> tom: we've seen the estimates on going over the cliff, recession, some even calling it debt-mageddon. but
states of america pays its bills and does not default for the first time in its history, is deeply irresponsible. >> reporter: at least talks are going on. the speaker and the president spoke by phone for almost half an hour last night. but a first negotiating round between treasury secretary timothy geithner and congressional leaders did nothing to improve the tone on capitol hill. democrats said the ball was in the speaker's court. >> we're saying, extend the tax cuts for the middle class as part of that. we know if we do nothing, the top rates go up. we're waiting for the republicans to come forward with something. that's our proposal, period. >> reporter: no one in washington ever thought negotiations to get past the fiscal cliff would be easy. now, more and more are talking about a rerun of what happened with the tarp bailout bill. first, congress may have to deadlock and go over the cliff, and then count on a falling market and an angry public to force action. >> it's what's euphemistically being called "let's let the peasants storm the castle with pitchforks" strategy. that
on something that's far worse than what we saw in latin america. >> reporter: in the 1980s or '90s you mean. >> yeah, i mean i lived in latin america, i saw it and i was part of the workout. this is worse. >> reporter: does lee buchheit then... >> have a lot of work? ( laughter ) >> reporter: yeah, i'm sure he has a lot of work, but does he bear a lot of the blame? >> no, no. i mean he's just reacting to the situation that's evolving. but i think there's a lot of concern that, if you have this legal coaching on how to really gut creditor rights, that you may actually end up in a situation where nobody wants to lend to countries. >> reporter: but if that's already a clear and present danger, we wondered why not just stiff the creditors? after all the history of sovereign debt is default, default, default, default over centuries and then those same countries come back into the market sometimes in just a few years and can start borrowing again. >> excessively brutal behavior by the sovereign debtor will be remembered and subsequent administrations will pay a penalty. they will pay a higher int
business grow in asia and south america, even as earnings were down last quarter in the u.s., and it lost money in europe. the bottom line for g.m. in the third quarter was stronger than anticipated. earnings per share totaled 93 cents, well above the0 cents per shares expected. g.m. returned to profitability in south america and china profit jumped 10%. shares jumped 9.5% as volume tripled. g.m. hopes to stop losing money in europe by the middle of the decade. yesterday, ford told us it expects its european business to begin turning around in about a year. today, ford shares were also on the move after its strong0 earnings report during the market closure. ford rallied 8.2%. over $11 per share for the first time since may. some merger action in the clothes and fashion industry hit the tape with p.v.h. buying warnaco group, that's the company licensing lvin kleinle speedo and other brands. warnco stock shot up almost 39%. the deal totals $2.8 billion in cash and stock. the buyer, p.v.h., rose 20% as a big sign of market confidence in the deal. and u.s. vitamin maker schiff nutrition has a
're scared about america's fiscal cliff, as well as europe's financial crisis. but market pros say, seasonally, this is a great time to wade back in. >> november, december, january is the best three-month period in the stock market. these are your best gains, historically. so if we don't see investors' demand coming in soon, when's it going to happen? >> reporter: others say it's going to happen when investors get the message about the importance of equities in their portfolio. >> to get them back into the market over the next 12 to 24 months, we think lots of education, but from different kinds of people-- you're advisor, if you have one. if you don't have an advisor, it would be good to hear that message from your employer. >> reporter: financial planners believe once the fiscal cliff problem is solved, we'll probably get a relief rally in the stock market. they predict that run-up will be a magnet for reluctant retail investors. suzanne pratt, nbr, new york. >> tom: to learn more about investors and presidential elections, head to nbr.com. there you'll find more on historical ch
-- >> that's what happens when you screw up. you get all these offers. that's the way america works, apparently. >> the book is very favorable to -- >> one of the reviews said, it's not written by a reporter, it's written by an accolite. obviously she thinks very highly of him. >> is there a dark side to petraeus? i don't see it. >> but he can't -- yeah, but he can't continue -- anyway was in charge of afghanistan command, baghdad operations, leader of central command, cia director, leader of the insurgency doctrine, one of the most 100 -- >> he can't continue tin job that he has with a different set of rules for himself and everybody else who works for him. he knew that. he resigned. the president accepted the resignation, end of story. >> you said is there more to this. we cannot talk about this affair without talking about libya and benghazi. all of this was going on. he knew the fbi was investigating him for this affair while he was talking to congress about what happened on september 11th in benghazi, and during the initial report to congress in early september, he told them he
to fill a total of 24 million seats between today and sunday, according to airlines for america. that's an average of 2.5 million seats filled each day, up by a quarter of a million from last year. >> this year so far, the average profit point for every passenger is about $.50, which is awfully small. last year it was $.77. >> reporter: the holiday season is a welcome event in the industry's fourth quarter. >> historically, the fourth quarter was at best a break even quarter, but due to the airlines better management of their seat inventory, they can actually produce a profit during the fourth quarter, which i'm expecting. >> reporter: in recent years, industry representatives say airlines have struggled to survive, as their ticket sales failed to cover the volatile cost of fuel and their increased regulatory and tax burdens. to combat the problem, they have started selling fewer tickets to keep capacity down and control costs. >> we're finding that more people still want to fly and unfortunately it means that planes are going to be a little more full than we'd like them to be but at
america president mark reuss at the los angeles auto show. g.m. unveiled its first all- electric plug-in at the show, and, as diane eastabrook tonight, the company hopes the spark can give the electric vehicle business the jolt it needs. >> reporter: the chevrolet spark e.v. will hit showrooms in california and oregon next summer. engineers are still testing the pure plug-in so general motors can't say yet how many miles the sub-compact will get on a single charge. what it can say is new technology will allow for faster charging. the spark won't be cheap. with tax incentives, the car's sticker price will be about $25,000, double the price of the gas-powered version. >> when you look at the functionality that this vehicle has and the range we offer-- which we believe is the top of its segment-- it is going to be extremely competitive from a price perspective. you're always going to pay more for an electric vehicle than you would for a traditional vehicle with a gas engine. >> reporter: general motors has placed a huge bet on electric vehicles, hoping they'll help the company reach the
amecans-- to reach out and help others. >> hello, this is marley. i'm calling from organizing for america.-- >> reporter: of course, democratic vonteers were also working hard at their local office in another part of town. the president, in fact, has more than twice as many field offices in the state as romney more boots on the ground. and the competition for door- knocks and one-on-one contactnt here is intense. mary ginnebaugh is browcounty democratic party chairman. >> we had a huge canvass the last two weekends, knocking on doors, talking with people. we have just been working really hard to identify the people that we know are sort of othat fence, haven't committed, maybef have voted republican in the past or have voted d ocratic in one election and republican another time. we see there's this ying yang sort of thing going on and were trying... >> reporter: ying yang? here in green bay? >> yeah, yeah. even here in green bay. right. >> reporter: in fact, this is the main reason for all this attention here: confusciousti would say: yin-yang american political strategists see it as bush
begin with the qstion that haunts our time -- why in a nation as rich as america, has the economy stopped working for people at-large even as those at the top enjoy massive rewards? the struggle of ordinary people for a decent living, for security, is as old as the republic, but it's taken on a new and urgent edge. instead of shared prosperity, our political system has now produced a winner-take-all economy. >> how ch is enough, gordon. >> hollywood saw it coming.ho >> the richest 1% of this country owns half of our country's wealth -- $5 trillion. one-third of that comes from hard work, two-thirds cmes frome inheritance. interest interest accumulating to widows' idiot sons. andre what i do -- stock the re estate speculation. it's [ bleep ] >> you got 90% of the american people have little or noet worth. i create nothing -- i own.o we make the rules, pal. the news, war, peace, famine, upheaval -- the price of a paper clips. we pull the rabb out of the hat while everybody else sits there wondering how in the [ bleep ] we did it. now, you're not my ev enough to think we're living a
to obama for america headquarters on chicago's lakefront and thanked his volunteers who had worked for him over the past year-plus. it was said to be a very moving and very emotional encounter between the president and the people who have made sure that he's going to be president for another four years. as kwame mentioned, he's spoken with all the leaders of the two branches of the legislature, and put on the agenda tax cuts for the middle class and small businesses, job creation, and says that the message from last night's election is that the people want them to put aside their partisan differences to work for the better interests of the american people. >> ifill: now, all those people at obama for america headquarters who have been working probably nonstop since 2008 to set up the infrastructure for this victory last night. how do they think-- what do they think won the election for them? >> suarez: they put together very carefully a coalition over time, and tonight david axelrod is saying it's very gratifying that that coalition came together, as kwame mentioned-- blacks, latinos, wome
third of america's children with the only health care they have. so there are many people to think about. i always think that the 535 people in congress who are going to make this decision, it's not really about them. it's about 360 million americans that need them to step up to a very tough issue, find a solution that works for all of americans, not just a few. >> brown: what should the stance of the president... what do you want the stance of the president to be coming out of this election? stick to some guns? compromise? where should he be? >> the president was really clear in this election that he was fighting to protect the middle class from more cuts and to do a deal that would get the economy moving again. what he said is he's going to stick to his guns on that. we think that's... our members who worked really hard and worked our guts out, were knocking on doors and making phone calls to elect the president, that's definitely what they think is needed. they've been fighting for two years to make sure we ultimately get, that we ask, you know, the wealthiest in this country to pay t
the details and we need to resolve this subject and give america confidence that our political leaders can work together and i honestly believe that that will happen. >> reporter: when you reported third quarter results earlier this month you said you didn't have enough clarity on the impact of superstorm sandy. do you have more clarity now? >> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide honestly and if we're able to exceed that number that's always good news. but we try to guide where we believe we're going to be so we're confident with our forecasts. >> reporter: terry thank you so much. >> thanks ruben. >> tom: while many wal-mart employees spent black friday w
tocqueville said in america every dispute ends up a lawsuit. we've seen that over and over again the way we run elections in this country in a somewhat slap dash and easily manipulated way where partisan politicians often control the mechanics of voting. >> brown: kurt anderson, you've been looking into this too. what other siendz of things that have you sen that is potentially happening that lawyers are watching >> there's a big issue with regard to the poll watchers and monitors. a group connected to the tea party based in houston w has promising to bring thousands of monitors to various places to essentially what they say make sure that the vote goes correctly and the people who are eligible to vote do vote. >> brown: against voter fraud yes. however, there's a lot of people on the side of sort of the voting rights, civil rights side of things who say that these poll watchers will be deployed in minority neighborhoods and places where historically there's been issues with voters being intimidated or harassed or some way perhaps not get wto go he polls. so the monitors are going to be mon
get disenfranchised because of it. >> suarez: marc, the help america vote act which perhaps brought some unwanted attention to florida and its voting woes was supposed to clear some of this up but it seems not to have changed all that much in the last decade. >> well, what changed is the technology. the help america vote act was done after the 2000 election debacle in florida. we used punch card ballots at the time. the advantage of punch cards ballots is you can vote them quickly and they can be tabulated quickly. after the state banned punch card ballot wes went to touch screen machines, almost like an ipad where you can vote, you punch your vote on the screen. but there was no paper trail. and then in an election in 2006, a congressional race, there were missing votes, it appeared, so the state scraped that high tech technology. then they went to this optical scan machine. these are like fill in the bank like kind of a scantron test sheet. those take longer to fill out and they take longer to count. so what's changed partly is the technology and now when you have big counties lik
't be the voice of america. >> reporter: in response, the president was vehement in his defense of ambassador rice. >> let me say specifically about susan rice, she has done exemplary work. she has represented the united states and our interests in the united nations with skill and professionalism and toughness and grace. as i've said before, she made an appearance at the request of the white house in which she gave her best understanding of the intelligence that had been provided to her. if senator mccain and senator graham and others want to go after somebody, they should go after me, and i'm happy to have that discussion with them. but for them to go after the u.n. ambassador, who had nothing to do with benghazi and was simply making a presentation based on intelligence that she had received, and to besmirch her reputation is outrageous. >> reporter: back on domestic issues, president obama pledged quick action in a second term on comprehensive immigration reform. he used a question from the correspondent for telemundo to point to his strong support from latinos in the election. >> this is the
g. fleischman. and by our sole corporate sponsor, mutual of america, designing customized individual and group retirement products. that's why we're your retirement company. ♪ ♪ ♪ >>> welcome. the sherlock holmes of money in politics -- trevor potter -- is here with some clues to what the billionaires and super pacs got for their lavish spending in the most expensive election in our history. in a nutshell, you ain't seen nothing yet. but first, if you've been curious about why new york mayor mike bloomberg endorsed barack obama for re-election, just take another look at the widespread havoc caused by the frankenstorm benignly named sandy. having surveyed all this damage "bloomberg business week" concluded: "it's global warming, stupid: if hurricane sandy doesn't persuade americans to get serious about climate change, nothing will." well it was enough to prompt president obama, at his press conference this week, to say more about global warming than he did all year. >> i am a firm believer that climate change is real, that it is impacted by human behavior and carbon emissions. a
foundation. the hkh foundation. barbara g. fleischman. and by our sole corporate sponsor, mutual of america, designing customized individual and group retirement products. that's why we're your retirement company. ♪ >>> welcome. to the story of a warrior, told in his own words. what he has to say is for all of us to hear, but especially those of us who have never been in combat. karl marlantes, a small-town boy from oregon, the son of a soldier, a graduate of yale, landed in vietnam in october 1968 and was placed in charge of 1st platoon, charlie company, 1st battalion, 4th marine regiment. one year later he came home with two purple hearts, the navy cross, the bronze star, ten air medals, and memories that screamed at him. in the late '90s he asked the veterans administration for help and began treatment for post-traumatic stress disorder. two years ago he published a novel. he had been working on it ever since he came home from vietnam. "matterhorn: the story of a yung second lieutenant leading a rifle platoon of 40 marines on a remote jungle hill." critics called it "a powerhouse -- te
hundreds of companies lending a helping hand to the victims of superstorm sandy. corporate america has pledged over $50 million. the big bank is offering $5 million in loans to affected small businesses and donating to the americaned cross. other household names giving include coca-cola, delta airednes, disney, home depot, lowe's, the nfl and target. from fuel to cash to communications. verizon communications warned today hurricane sandy could wreak havoc on its fourth quarter earnings. the wireless, phone and internet provider took on major damage in the storm. four of its facilities in new york flooded. as sylvia hall reports, isrizon's warning is a sign of the damage felt by the tele-th communications industry. >> reporter: just like with other telecom companies, verizon employees are working hard to restore service to the northeast. but it's not easy when they're also pumping water out of the basements of their flooded new york facilities, which are running on generator power. the company announced today that sandy's aftermath will likely extend to fourth quart earnings.ar analysts
group. carla marin you've cci, "san franciscochronicle." and odette keeley, new america media anchor and executive producer. and in sacramento, john myers, kxtv news 10, political editor. well, this campaign season has been marked by massive amounts of spending from outside groups, yet, with all of the money spent and all of the people who paid attention, the race for president remains too close to call. and here in california, we're feeling the affects of an anslaught of political ads for and boll lot melot measures. john, you were reporting on an $11 millionl political contribution to a group opposing proposition 30. tell us what the judge decided. >> well, a judge decided>>hat mysterious arizona group needed to disclose its donors or disclose them to the state. the group appealed. the disclose sure is still tied up, as we speak. the disclosure hasn't happened. and the state and the attorney general and the fair political practice commission has asked the state supreme court to make the group give them the document so they can examine it to see if they have to disclose the doe mor
in the dow, were falling hard. bank of america down 3.6%. general electric falling 3.2%. home depot was at more than a decade high yesterday. today, some profit taking, down 3%. while there were fewer buyers than sellers for most stocks, retailer abercrombie and fitch saw buyers rush in, pushing the stock up above $40 per share for the first time since may. third quarter earnings were much better than expected. abercrombie earned $.87 per share, almost 50% more than anticipated. better inventory control met fewer sales, coupled with strong sales in scandinavia and china. here's that stock pop, up 34.5%. volume soared to 16 times in average pace. the store increased its full year outlook heading into the holidays. some analysts point out the stock had a bigger than average short position, meaning traders who were betting on the stock to drop, may have been forced to buy today, adding to the rally. another stock that may have benefited from bears being force to buy was facebook. despite the threat of hundreds of millions of shares becoming eligible for trading, facebook stock it at a
to change the way we deliver health care in america. and in doing that we reduce the cost of health care, we reduce the readmissions to hospitals, we do a better job on using technology, less tests. we manage the more complicated medical interventions. we reduce hospital infection rates. there's a lot of ways that you can reduce health-care costs by reducing health-care costs rereduce medicare cost and medicaid cost. that's the way to do it and i think we have to enforce those types of delivery system reforms. i think democrats an republicans are prepared to do that i agree with senator corker. we need to combine revenues with real savings in spending. and that means yes, we have to have reductions in the gross rate of health-care costs. >> brown: senator corker, we are talking, are you both in the senate chamber but do you see the kind of things you're talking about specifically on the revenue side, do you really feel that there is that potential for movement in the house? because i mean do you hear that in the language of mr. boehner an others today after the election? >> i do. >> brown: y
tuesday's results signal about a political and cultural shift in america? and what's next in this battle? we're joined by representatives from both sides of the argument. thomas peters is cultural director of the national organization for marriage. and lee swislow is the executive director of gay and lesbian advocates and defenders. thomas peters, wherever this battle ends up -- and it may take a long time -- was election did i a turning point? >> no, not at all. i think these were tactical wins. going into these four states we had no illusions. these were deep blue states. even despite all those political forces against us we still managed to have very close margins of a final tally. so what i'm hearing this week is that it's not a big shift. we are encouraged and to double down and renew our efforts >> suarez: how do you see it? i see it somewhat differently. i think it was hugely significant. i think it indicates really the kind of journey that the american people have been on over the last several years. in maine three years ago this same electorate voted against marriage equality af
residents will be disappointed. >> this is hard. this is one of the biggest natural disasters to hit america. certainly understandable that people are going to be frustrated and be upset on some of the challenges they're facing. we feel that. we understand that. >> reporter: fema is working with the city's office of emergency management, and they've been on the job since october 26, four days before the hurricane hit. city, state and federal officials are now coordinating recovery and relief operations. there are more than a hundred people in the operations center at any time and another 20,000 government employees and contractors on the ground. >> the way fema works is... is, we're not the whole team. we don't do anything autonomously. we do it in coordination with the state, and obviously we're coordinating very closely with the local officials as well. >> reporter: jensen says some government workers manning operations lost their homes too and know full well what's at stake. >> i've been out there and i've talked to survivors. it's pretty emotional. many of these people have lost everythi
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